Forbes & Company has received revision in credit ratings from CARE as under -
Long term bank facilities (Rs 171.99 crore) - CARE A- ; Credit Watch with Negative Implications (revised from CARE A; Stable)
Short term non fund based limits (Rs 38.50 crore) - CARE A2+; Credit Watch with Negative Implications (revised from CARE A1)
Proposed NCDs (Rs 100 crore) - CARE A- ; Credit Watch with Negative Implications (revised from CARE A; Stable)
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